The United States will release the weekly Unemployment Claims on October 21, at 15:30 MT time (GMT+3).
US CPI m/m
|CPI is an indicator of consumer inflation. If it exceeds the forecast, the USD will rise. The Federal Reserve is anticipated to raise the interest rate at least 3 times this year. The higher the CPI is, the greater the chance of 4 rate hikes will be. Check the economic calendar at 15:30 MT time on April 11 to find out if the CPI encourages Fed’s rate hikes and the stronger US dollar.|
The Fed is ready to start tapering in November. Since the markets were expecting this and it wasn’t a surprise, the USD slumped allowing risk-on currencies and gold to rally up.
US Retail Sales will be out on October 15 at 15:30 MetaTrader time (GMT+3).
Last week was full of surprises! Stock indices have shown significant growth…
The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong.
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).